Supervisory managers direct the tasks of nonmanagerial employees. Which of the following is true about the supervisors' operational plans?
A) They change on a daily basis.
B) They look ahead one week to one year.
C) They must be approved by top managers.
D) They stem directly from the company's vision.
E) They bypass the company's mission.
Answer: B
Explanation: B) Supervisory managers' plans are operational documents based on the tactical plans of middle management. They might be very formulaic or they might require individual judgment to respond to unique situations.
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A firm requires an investment of $30,000 and borrows $20,000 at 9%. If the return on equity is 15% and the tax rate is 30%, what is the firm's WACC?
A) 9.20% B) 7.36% C) 11.04% D) 18.40%
International accounting standards require companies to present classified balance sheets with liabilities classified as either current or long term
a. True b. False Indicate whether the statement is true or false